IoTeX

about

Business Idea

IoTeX is the next generation of IoT-oriented blockbuster platform with huge scalability, confidentiality, isolation and the ability to develop for incubating new applications and IoT ecosystems.

IoT has developed rapidly over the past few years, but there are not enough real "killer applications" (revolutionary innovations). McKinsey predicted that by 2025 the IoT industry will be able to reach a performance of 11.1 trillion by economic indicators. dollars per year. Despite the potential of IoT, there are a number of obstacles to development: lack of scalability, privacy issues and lack of functional values. IoTeX solves these problems by introducing the "blockchain-in-blockchain" architecture with a token-economy. By combining the token of stimulation with community efforts, we believe that we can direct the crowdsource industry and the community's talents to solve these technical problems in the development of IoT.

Team

Ph.D and Research Scientist in Cryptography at UWaterloo. Head of Crypto R&D at Uber, Security Engineer at Google. 8+ Years of experience in cryptography and blockchain.

Qevan Guo – Co-founder.

Ph.D in Machine Learning and Computer Vision at National University of Singapore. Engineering Manager and Research Scientist at Facebook. Growth Hacker. Startup investor and advisor. 20+ publications/patents.

Jing Sun – Co – founder.

Founding partner of Sparkland Capital, focusing on Fontier Tech, lead 40 + investment and innovations in blockchain, security and IoT. Board director on numerous companies. Extensive experience in startup, investments and building up ecosystem.

Xinxin Fan – Head of Cryptography.

Ph.D in Cryptography at UWaterloo. Sr. Research. 14 Years of research and industry experience in information security and crypto.

40+ publications/patents.

review
conclusion

Many details about the project are not yet available on their website or on the web. You cannot see the allocation, the whitelist and token sale. The token sale hasn’t started and i am already seeing 54K members in the Telegram Group. If you look in depth into the whitepaper, you would see that the SMEs or corporations will actually be targeted as IOTEX customers. Just imagine property developers utilizing blockchain technology from IOTEX to build smart homes for their customers. Lower costs, Higher Profits -> definitely a win-win partnership for IOTEX too!

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